This bill aims to expand access to the property tax exemption program for seniors, individuals retired due to disability, and veterans with disabilities in Washington State. It amends RCW 84.36.383 to redefine income thresholds for eligibility, specifically adjusting the combined disposable income limits for tax collection years 2024 through 2026 and establishing new thresholds for 2027 and thereafter. The new income thresholds will be set at 50%, 60%, and 70% of the county median household income for the respective years, with further adjustments every three years starting August 1, 2023.

Additionally, the bill clarifies definitions related to the property tax exemption program, including terms such as "combined disposable income," "principal place of residence," and "residence." It also specifies that the act will apply to taxes levied for collection in 2027 and beyond, and it states that certain existing laws (RCW 82.32.805 and 82.32.808) will not apply to this act. Overall, the legislation seeks to enhance financial relief for eligible individuals by updating the criteria for property tax exemptions.

Statutes affected:
Original Bill: 84.36.383